Morning Edition · Monday, October 5, 2026Published at 1:31 AM EDT · New York
Singapore Gulf Bank's (SGB) clearing network, SGB Net, processes more than $20 billion in fiat transactions each month. The link lets selected institutional clients fund trades on Kraken at any hour, starting with U.S. dollars.

Payward, the parent company of the Kraken exchange, has connected to SGB Net, the real-time clearing network of Singapore Gulf Bank (SGB). The link gives selected institutional clients in Asia and the Gulf 24/7 settlement for digital-asset…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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